Funding arb · Price arb /

ENJ

all ENJ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Bybit+0.022%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$960.961% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)+0.035%+$3 · spread now +0.022%, 7d avg +0.065%

Together, before fees+0.044%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.044% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENJUSDT	0.02786	0.0100	pay 0.0100% / 8h	1h 06m	$934K	$555K	25x
Short	MEXC ENJ_USDT	0.02787	0.0100	get 0.0050% / 4h	1h 06m	$1.8M	$858K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee MEXCbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.065%: −$4.38
Slippage, 4 orders: −$81.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$100.46
Costs to cover: 0.961%
Break-even: never at this rate

Slippage from Bybit: live order book, 34 min ago; MEXC: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 34 min ago	3.60 bp	38.3 bp −$38	373.7 bp −$3,737	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.80 bp	12.5 bp −$12	41.2 bp −$412	135.8 bp −$13.6K	doesn't fit

ENJ on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ENJ-USDT	+0.0056%	4h	0.02786	−0.014%	$130K	$101K	50x	as long as short
Aster ENJUSDT	+0.0100%	4h	0.02787	+0.024%	$17K	$5K	5x	as long as short
Binance ENJUSDT	+0.0100%	4h	0.02787	+0.014%	$3.0M	$3.5M	50x	as long as short
Bybit ENJUSDTlong	+0.0100%	8h	0.02786	long leg	$934K	$555K	25x
OKX ENJ-USDT-SWAP	+0.0100%	4h	0.02788	+0.057%	$291K	$385K	10x	as long as short
Gate ENJ_USDT	+0.0100%	4h	0.02786	−0.014%	$107K	$36K	25x	as long as short
MEXC ENJ_USDTshort	+0.0100%	4h	0.02787	+0.022%	$1.8M	$858K	75x
KuCoin ENJUSDTM	+0.0100%	4h	0.02791	+0.165%	$392K	$67K	30x	as long as short
Bitget ENJUSDT	+0.0100%	4h	0.02787	+0.022%	$703K	$269K	50x	as long as short
Variational Omni ENJ	+0.0100%	8h	0.02781	−0.194%	$2K	$19K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ENJ-USD	+0.0104%	1h	0.02786	−0.006%	$3K	$282K	5x	as long as short
BingX ENJ-USDT	+0.0200%	4h	0.02786	−0.014%	—	$2.4M	—	as long as short
Kraken Futures PF_ENJUSD	+0.0867%	1h	0.02788	+0.048%	$24K	$13K	20x	as long as short